Stifel raised the firm’s price target on CACI (CACI) to $670 from $600 and keeps a Buy rating on the shares. The company has reported strong quarters before, but the firm doesn’t recall a quarter like this one when expectations were more pedestrian but results were anything but, the analyst tells investors in a research note. The firm added that even though the U.S. government shutdown continues, CACI’s strong start to the year and uptick in funded backlog helps de-risk their FY26 outlook. The analyst added that CACI remains a top idea in government services.
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